DECLINING TECHNOLOGIES :In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.Within just a few years, their business model disappeared and they got bankrupt.what happened to kodak may happen to staubli soon.What happened to Kodak might happen to a lot of industries in the next 10years - and most people don't see it coming. Did you think in 1998 that 3years later you would never take pictures on film again?Yet digital cameras were invented in 1975. The first ones only had 10,000pixels, but followed Moore's law. So as with all exponential technologies,it was a disappointment for a long time, before it became way superiour andgot mainstream in only a few short years. It will now happen with ArtificialIntelligence, health, autonomous and electric cars, education, 3D printing,agriculture and jobs. Welcome to the 4th Industrial Revolution.Welcome to the Exponential Age.Software will disrupt most traditional industries in the next 5-10 years.Uber is just a software tool, they don't own any cars, and are now thebiggest taxi company in the world. Airbnb is now the biggest hotel companyin the world, although they don't own any properties.Artificial Intelligence: Computers become exponentially better inunderstanding the world. This year, a computer beat the best Go player inthe world, 10 years earlier than expected. In the US, young lawyers alreadydon't get jobs easily. Because of IBM Watson, you can get legal advice (sofar for more or less basic stuff) within seconds, with 90% accuracy comparedwith 70% accuracy when done by humans. There will be less laywyers in thefuture, only specialists will remain.Watson already helps nurses diagnosing cancer, 4 time more accurate thanhuman nurses. Facebook now has a pattern recognition software that canrecognize faces better than humans. In 2030, computers will become moreintelligent than humans.Autonomous cars: In 2018 the first self driving cars will appear for thepublic. Around 2020, the complete industry will start to be disrupted. Youdon't want to own a car anymore. You will call a car with your phone, itwill show up at your location and drive you to your destination. You willnot need to park it, you only pay for the driven distance and can beproductive while driving. Our kids will never get a driver's licence andwill never own a car. It will change the cities, because we will need 90-95%less cars for that. We can transform former parking space into parks. 1,2million people die each year in car accidents worldwide. We now have oneaccident every 100,000km, with autonomous driving that will drop to oneaccident in 10 million km. That will save a million lifes each year.Most car companies might become bankrupt. Traditional car companies try theevolutionary approach and just build a better car, while tech companies(Tesla, Apple, Google) will do the revolutionary approach and build acomputer on wheels. Engineers from Volkswagen and Audi are completelyterrified of Tesla.Insurance companies will have trouble because without accidents, theinsurance will become cheaper. Car insurance business model will weaken.Electric cars will become mainstream from 2020. Cities will be less noisybecause all cars will run on electric. Electricity will become incrediblycheap and clean: Solar production has been on an exponential curve for 30years, but you can only now see the impact. Last year, more solar energy wasinstalled worldwide than fossil. The price for solar will drop so much thatall coal companies will be out of business by 2025.With cheap electricity comes cheap and abundant water. Desalination now onlyneeds 2kWh per cubic meter. We don't have scarce water in most places, weonly have scarce drinking water. Imagine what will be possible if anyone canhave as much clean water as he wants, for nearly no cost.Health: The Tricorder X prize will be announced this year. There will becompanies who will build a medical device (called the "Tricorder" from StarTrek) that works with your phone, which takes your retina scan, you bloodsample and your breath into it. It then analyses 54 biomarkers that willidentify nearly any disease. It will be cheap, so in a few years everyone onthis planet will have access to world class medicine, nearly for free.3D printing: The price of the cheapest 3D printer came down from 18,000$ to400$ within 10 years. In the same time, it became 100 times faster. Allmajor shoe companies started 3D printing shoes. Spare airplane parts arealready 3D printed in remote airports. The space station now has a printerthat eliminates the need for the large amout of spare parts they used tohave in the past.At the end of this year, new smartphones will have 3D scanningpossibilities. You can then 3D scan your feet and print your perfect shoe athome. In China, they already 3D printed a complete 6-storey office building.By 2027, 10% of everything that's being produced will be 3D printed.Business opportunities: If you think of a niche you want to go in, askyourself: "in the future, do you think we will have that?" and if the answeris yes, how can you make that happen sooner? If it doesn't work with yourphone, forget the idea. And any idea designed for success in the 20thcentury is doomed in to failure in the 21st century.Work: 70-80% of jobs will disappear in the next 20 years. There will be alot of new jobs, but it is not clear if there will be enough new jobs insuch a small time.Agriculture: There will be a 100$ agricultural robot in the future. Farmersin 3rd world countried can then become managers of their field instead ofworking all days on their fields. Aeroponics will need much less water. Thefirst petri dish produced veal is now available and will be cheaper than cowproduced veal in 2018. Right now, 30% of all agricultural surfaces is usedfor cows. Imagine if we don't need that space anymore. There are severalstartups who will bring insect protein to the market shortly. It containsmore protein than meat. It will be labeled as "alternative protein source"(because most people still reject the idea of eating insects).There is an app called "moodies" which can already tell in which mood youare. Until 2020 there will be apps that can tell by your facial expressionsif you are lying. Imagine a political debate where it's being displayed whenthey are telling the truth and when not.Longevity: Right now, the average life span increases by 3 months per year.Four years ago, the life span used to be 79 years, now it's 80 years. Theincrease itself is increasing and by 2036, there will be more that one yearincrease per year. So we all might live for a long long time, probably waymore than 100.Education: The cheapest smartphones are already at 10$ in Africa and Asia.Until 2020, 70% of all humans will own a smartphone. That means, everyonehas the same access to world class education. Every child can use Khanacademy for everything a child learns at a school in the First Worldcountries.
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